1. Market Structure
The pair has been in a multi-month ascending channel (Jul → Nov), but the recent strong bearish impulse has:
Broken the channel to the downside
Created a clear Shift of Structure (ChoCH)
Signaled that bullish momentum is weakening
This is the most important signal on the chart — the uptrend is losing strength.
2. Current Price Position
Price is currently:
Sitting just below a broken trendline
Stalling around 2.0200 – 2.0220, forming small-bodied candles
Showing signs of bearish continuation after a pullback
This aligns perfectly with the bearish projection you drew.
3. Expected Pullback Before The Drop
Your chart shows a potential retest into the 2.044–2.049 zone.
This zone is:
Previous range high liquidity
A clean supply zone
Aligned with the broken ascending channel (trendline retest)
A perfect location for large players to reload shorts
So we expect:
Price to retrace → hit supply → reject → fall strongly
The pair has been in a multi-month ascending channel (Jul → Nov), but the recent strong bearish impulse has:
Broken the channel to the downside
Created a clear Shift of Structure (ChoCH)
Signaled that bullish momentum is weakening
This is the most important signal on the chart — the uptrend is losing strength.
2. Current Price Position
Price is currently:
Sitting just below a broken trendline
Stalling around 2.0200 – 2.0220, forming small-bodied candles
Showing signs of bearish continuation after a pullback
This aligns perfectly with the bearish projection you drew.
3. Expected Pullback Before The Drop
Your chart shows a potential retest into the 2.044–2.049 zone.
This zone is:
Previous range high liquidity
A clean supply zone
Aligned with the broken ascending channel (trendline retest)
A perfect location for large players to reload shorts
So we expect:
Price to retrace → hit supply → reject → fall strongly
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
✅FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/winlouhscalperchannel
t.me/winlouhscalperchannel
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.